歷史必然與產業選擇：美國DeFi稅務新規解讀

美國財政部和國稅局近期發布了一項重要新規（RIN 1545-BR39），擴大了現有稅法的適用範圍，並將 DeFi 前端服務提供者納入「經紀人」的定義中。

The U.S. Treasury Department and the Internal Revenue Service recently issued a new regulation (RIN 1545-BR39), expanding the definition of "brokers" under existing tax laws to include DeFi front-end service providers. These service providers, such as Uniswap's front-end interface, which directly interacts with users, will be required to collect user transaction data starting in 2026 and report the information to the U.S. Internal Revenue Service (IRS) through Form 1099 starting in 2027, including users' total income, transaction details and taxpayer identity information.

美國財政部和國稅局最近發布了一項新法規（RIN 1545-BR39），擴大了現有稅法下「經紀人」的定義，將 DeFi 前端服務提供者納入其中。這些直接與用戶互動的服務提供者，例如 Uniswap 的前端介面，將被要求從 2026 年開始收集用戶交易數據，並從 2027 年開始透過 1099 表格向美國國稅局（IRS）報告信息，包括用戶的總收入、交易詳情和納稅人識別資訊。

This new regulation is part of a broader effort by the U.S. government to increase tax compliance in the digital asset space. In recent years, the rapid growth of DeFi protocols and the use of decentralized exchanges have made it more challenging for the IRS to track capital gains and other taxable events. The new regulation aims to address this issue by expanding the reporting requirements to DeFi front-end service providers.

這項新法規是美國政府為提高數位資產領域稅收合規性所做的更廣泛努力的一部分。近年來，DeFi 協議的快速成長和去中心化交易所的使用使得國稅局追蹤資本利得和其他應稅事件變得更具挑戰性。新規定旨在透過擴大對 DeFi 前端服務提供者的報告要求來解決此問題。

However, the definition of "broker" in the new regulation is still quite broad, and it is unclear how it will be applied to different types of DeFi protocols. Some industry participants have expressed concern that the regulation could be overly burdensome and may stifle innovation in the DeFi space.

然而，新規中「經紀人」的定義仍然相當寬泛，目前尚不清楚它將如何應用於不同類型的 DeFi 協議。一些產業參與者表示擔心，監管可能過於繁重，並可能抑制 DeFi 領域的創新。

Despite these concerns, the new regulation is likely to have a significant impact on the DeFi industry. DeFi protocols and front-end service providers will need to carefully assess their operations and determine how to comply with the new reporting requirements. Those who fail to comply could face penalties from the IRS.

儘管存在這些擔憂，新規仍可能對 DeFi 產業產生重大影響。 DeFi 協議和前端服務提供者需要仔細評估其營運並確定如何遵守新的報告要求。那些不遵守規定的人可能會面臨美國國稅局的處罰。

Here is a summary of the key provisions of the new regulation:

以下是新法規主要條款的摘要：

DeFi front-end service providers are now considered "brokers" under existing tax laws.

根據現行稅法，DeFi 前端服務提供者現在被視為「經紀人」。

These service providers will be required to collect user transaction data starting in 2026.

從 2026 年開始，這些服務提供者將被要求收集用戶交易資料。

The data will be reported to the IRS through Form 1099 starting in 2027.

從 2027 年開始，這些數據將透過 1099 表格向 IRS 報告。

The reported information will include users' total income, transaction details and taxpayer identity information.

報告的資訊將包括用戶的總收入、交易詳情和納稅人識別資訊。

Those who fail to comply with the new regulation could face penalties from the IRS.

那些不遵守新規定的人可能會面臨美國國稅局的處罰。